The Traderszone Network

Published in TZ Latest News 21 April, 2017 by The TZ Newswire Staff

Trump Orders Review Of Crisis-Era Financial Industry Safeguards

U.S. President Donald Trump has signed memos that instruct the Treasury Department to suspend two powers given to regulators following the 2008 financial crisis pending reviews by the agency. One of the memos temporarily bars regulators from defining new non-bank financial institutions as “systemically important financial institutions,” while the other temporarily halts the use of “orderly liquidation authority” to dissolve troubled financial institutions.

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